Displaying items by tag: funding

Pakistan: Fauji Cement has taken out a loan of US$212m from a consortium lead by Habib Bank Limited. The Business Recorder newspaper has reported that the funding will go towards cement plant expansion projects with a total cost of US$339m. Fauji Cement plans to expand its plant in Dera Ghazi Khan, Punjab, while its subsidiary Askari Cement plans to expand its plant in Nizampur, Khyber Pakhtunkhwa. The company says that the projects will together increase its installed cement production capacity to 10Mt/yr.

Japan: Taiheiyo Cement is among 13 participant companies whose proposed carbon capture, utilisation and storage (CCUS) demonstration hub has received approval to proceed with funding from the Japan Ministry of the Environment. Nikkei Business Trends News has reported that Toshiba Energy Systems and Solutions, Uyeno Transtech, JGC, Chiyoda, Taisei Corporation, the University of Tokyo, Kyushu University, Japan NUS, the National Institute of Advanced Industrial Science and Technology and QJ Science also collaborated in the development of the CCUS system. The trial will begin in early 2022 and conclude in the 2025 financial year.

UK: Innovative Ash Solutions has received a Euro588m Scottish government grant to establish a 20,000t/yr ash processing plant in South Lanarkshire. The Herald newpaper has reported that the plant will process boiler ash, cyclone ash and incineration fly ash for use in local cement production. When commissioned in 2022, the plant will eliminate 6104t/yr of CO₂ emissions, according to the operator. The government granted the funding under its Zero Waste Scotland circular economic investment scheme.

The company said “Using this new patented process, which diverts waste materials from landfill and avoids the use of virgin sand, creates a product which is cheaper and will reduce the environmental impact of cement production compared to the use of imported pulverised fuel ash.”

Innovative Ash Solutions is a joint venture of waste management company Levenseat and consultancy Organic Innovative Solutions.

Switzerland: Holcim has announced its support of Beton, the first Swiss exhibition dedicated to the history of concrete, at the Swiss Architecture Museum in Basel. The exhibition will run until 24 April 2022 and feature talks by an industry expert on the future of concrete.

Holcim chief executive officer Jan Jenisch said “I congratulate our partners at the Swiss Architecture Museum for creating this first-of-its-kind exhibition showcasing the essential role of concrete in our world. This exploration is a great inspiration for all of us at Holcim as we shape the future of concrete, making it green, circular and technology-driven. Throughout its history, concrete has been part of building progress in our world. Today we are reinventing it to make it work for people and the planet.”

UK: The Clean Growth Fund has led a Euro1.19m investment in cement industry decarbonisation software developer Carbon Re. Other investors are Blue Impact Ventures, Cambridge Enterprise Fund and UCL Technology Fund. The supplier says that its deep reinforcement learning AI product can reduce cement plants’ operating costs by Euro1.97 – 5.09/yr and eliminate 20% of Scope 1 emissions. Five pilot installations of its Delta Zero platform are installed at cement plants in the EU, India, Thailand, Turkey and Vietnam.

CEO Sherif Elsayed-Ali said “Our mission is to reduce global emissions at the gigatonne scale, starting with the cement industry, and to become the leading global AI company to deliver industrial decarbonisation. Carbon Re’s AI technology provides heavy industry with an effective solution to address their critical challenges of energy costs and emissions reduction.” He added “The road to a zero-carbon world will be long, but with the support of the Clean Growth Fund and our other investors, our AI-products and solutions will evolve to accelerate the transition of energy intensive industries.”

UK: The government has awarded funding to the planned HyNet North West low-CO₂ industrial cluster. The cluster will reduce industrial CO₂ emissions by 10Mt/yr in North Wales and North West England. It includes a planned 800,000t/yr carbon capture installation at Hanson UK’s Padeswood cement plant in Flintshire. The producer is currently carrying out a feasibility study at the plant. Parent company HeidelbergCement said that the project will play a ‘critical role’ in the UK’s transition to net zero CO₂ emissions by 2050.

Chair Dominik von Achten called the decision “A well-deserved recognition for the HyNet consortium and our colleagues working on carbon capture and storage (CCS) in the UK as part of this collaborative project. Cutting CO₂ emissions is a key priority for us, and we are delighted to add our Padeswood cement works to our growing range of CCS activities, as a key part of our pathway to reaching net zero.”

Ukraine: NEQSOL Holding Ukraine has filed an application to the Antimonopoly Committee of Ukraine (AMCU) to acquire a stake in Ivano-Frankivskcement. The group will take a loan from ‘leading international’ banks to pay for the stake.

NEQSOL Holding Ukraine manager Volodymyr Lavrenchuk, said “We are hopeful for an approval of the new deal by the AMCU so that we can welcome the high-tech enterprise Ivano-Frankivskсement into the NEQSOL Holding group of companies. We recognise the long-time outstanding results achieved by the Ivano-Frankivskсement management team and staff, who have created one of the most state-of-the-art cement plants in Europe.” He added “Our group of companies has successful experience in financing, including engagement of international financial institutions, which will help to secure the required investments for maintaining a high rate of growth of the cement plant.”

US: LafargeHolcim US and ECOncrete Tech have launched a research and development collaboration to design and manufacture a fully structural concrete scour protection unit for offshore wind turbines. The unit’s specifications include seabed stabilisation and promotion of the growth of marine organisms. The collaboration includes a large-scale pilot project to evaluate the ecological performance of units in an offshore environment. The US/Canada Binational Industrial Research and Development (BIRD) Energy programme are funding the project, which will conclude in May 2024.

LafargeHolcim US commercial excellence vice president Josep Maset said “There are many paths to achieving our net zero commitment, and most require innovative partnerships and out-of-the-box thinking. The work we’re doing with ECOncrete Tech is a notable example of searching for solutions that enable increased use of renewable energy in an environmentally responsible way.”

Brazil: CSN Cimentos is reviewing alternative options to raise funds to pay for its acquisition of LafargeHolcim Brasil’s cement assets after cancelling its planned initial public offering (IPO). The O Estado de São Paulo newspaper has reported that the producer abandoned the planned IPO of US$500m – US$1bn-worth of shares due to stock market turbulence. The value of the deal was US$4bn.

UK: The Mineral Products Association (MPA) has announced the successful completion of a trial of cement production using a net-zero fuel mix consisting of hydrogen and refuse-derived fuel (RDF) at Hanson’s Ribblesdale, Lancashire, cement plant. The RDF in the mix consists of meat and bone meal (MBM) from the food industry and glycerol from biodiesel production.

Increased alternative fuel (AF) substitution is one of seven key levers in the MPA’s Roadmap Beyond Net Zero emissions reduction strategy. The association says that the fuel will eliminate 180,000t/yr of CO₂ emissions from the Ribblesdale plant’s operations when fully implemented. The project received Euro3.71m in government funding.

Hanson’s environmental sustainability manager Iain Walpole said “We are delighted to be involved with this world-leading project, which is a further example of our commitment to cutting CO₂ emissions.” He added “It will also contribute to our ambition of supplying net zero carbon concrete by 2050.”